Six Asian-owned companies have made it onto a list which ranks Britain’s top private companies with the biggest sales.
The Sunday Times HSBC Top Track 100 league table, which came out last week, ranks the country’s best performing business in terms of sales.
Manufacturing companies grew sales by 3.3 per cent from last year. One of those is 2 Sisters Food Group, which recorded a 16 per cent increase in sales to £3.4bn, boosted by its £37 million acquisition of Vion’s red meat division in 2013.
Owned by Baljinder and Ranjit Boparan Singh, 2 Sisters Food Group holds some of the country’s most iconic food brands, including fish and chip restaurant chain Harry Ramsden’s as well as Northern Foods, Goodfella’s and San Marco frozen pizzas, and Fox’s Biscuits.
With factories in Smethwick, West Bromwich and Wolverhampton, the group employs 24,000 people. They jumped up eight places from last year’s list to eight position this year. With a overall wealth of £1.35bn, the couple topped this year’s Asian Rich List Midlands rankings.
Bestway Group, owned by Sir Anwar Pervez and family, saw sales increase to £2.5bn. Bestway is the largest independent food wholesale group in the UK with 63 branches. They went down to 18th place from 17th last year.
Prepaid mobile teelcoms provider Lycamobile, which is owned by Subaskaran Allirajah, jumped10 places from 58 to 48 this year and recorded sales of £1.1bn million. Lord Swraj Paul’s steel manufacturing company Caparo Group was 77th on the list with sales of £749m.
Twelve companies made their debut on the table this year, including fuel forecourt operator Euro Garages, who made it to 96th position. The family-owed firm run by the Issa brothers looks after some 200 forecourts, making it the third biggest independent fuel retailer
It has partnerships with BP, ESSO, Shell, SPAR, Starbucks, Subway, Greggs and Burger King. They operate 48 Starbucks with 61 Subway stores, with plans to open 100 each by the end of 2015
Wholesaler and cash and carry Dhamecha Foods, who are in 100th position, are also newcomers to the list. The family-owned business who recorded sales of £628m sales this year has seven depots around London and stock over 12,000 products.
The Top Track 100 annual league table is sponsored by HSBC and Linklaters. It is compiled by Fast Track, an Oxford-based research and networking events company.
Dan Howlett, head of corporate banking in the UK at HSBC, said: “It’s encouraging to see dynamic private companies from across the UK recognised by the Top Track 100 league table.
“These businesses are passionate and dedicated, and help to strengthen the British economy.”